Formation of Hong Kong Private Limited Company

There are two ways to form a limited liability company in Hong Kong which is:
• Setting up a whole new company
• Purchase a ready-made or shelf company

For a case of a whole new company, you can specify your preferred company name, but the registration process time is relatively longer. For a case of the ready-made company, you have to select your company name from a given list which includes never-used shelf company names, but the processing time will be shorter. In the case of new Hong Kong company incorporation, you can indicate your preferred company name, however, the registration procedure time is moderately long. In a case of ready-made or Shelf Company, you need to choose your company name from the given list of which incorporates never-utilized ready-made company names, but the processing time will be shorter.

• Minimum one Director (can be individual or corporate and no restriction in nationality)
• Minimum one shareholder (can be individual or corporate and no restriction in nationality)
• One Company Secretary (Should be Hong Kong residents)

Processing time

• For Setting up a new company (approx 10 working days)
• For purchasing ready-made company (2-4 working days)

Easy Hong Kong company incorporation Procedure

Step-1 select the best and unique company name because two company name cannot be same and also meet all requirements.
Step-2 Provide information about members of the company which includes: directors, shareholders, and Company secretary with their related documents.
Step-3 Prepare the following documents for registration:
• Article of Association (AOA)
• Director written resolutions
• Hong Kong Company Incorporation form (NNC1)
Sign the above documents and send it back to them through e-mail.
Step-4 Prepare the statutory documents which are: • Article of Association (AOA)
• Company Signature
• Common seal
• Share Certificates
Step-5 Fill the application form and send it to the Company Secretary after that you will receive a Hong Kong Company Incorporation Certificates and Business Registration Certificate.

Hiring an agency

Establishing a company in Hong Kong is a difficult task. It is quite difficult when you don’t know the Hong Kong rules and regulation. You need to hire an agency when you want to establish a company in Hong Kong. Agency will make your entire process easier and reliable.

Services include

1. Company name search
2. Certificate of Incorporation
3. Business Registration License
4. Articles of Association (10 copies in English and 1 copy in Chinese)
5. Share certificate book
6. Authorized company stamp, company chop or a common seal.
7. Green box with company name printed on
8. 1st-year company secretarial services
9. Complimentary opening bank account arrangement:-
a) 5 certified true copies of company documents for opening bank account
b) Prepare a board minute for opening bank account
c) Arrange and make an appointment with the bank representative to open your bank account at our center or a nearby branch

Why choose us

100% online, and fast

It is right that time is very important and time is money. That is the reason that why we built unique system. This process is 100% online and you did not travel Hong Kong for this, it helps to incorporate companies simply and quickly.

Effective prices

Our novel efficiencies, persistently improved and refreshed, mean less time and work for all. What’s more, that spells minimize costs for you. In the meantime, we offer immediate and customized benefit how and when you require it.

Flexible and creative approach

There are various reasons for Hong Kong Company Incorporation. We at Stephen understand your requirements and help your firms for growth and expansion.

Demonstrated security

Data and Information security are serious, so we protect every client’s details.

Transparent pricing

There are various reasons for Hong Kong Company Incorporation. We at Stephen understand your requirements and help your firms for growth and expansion.

Notifications and deadlines

Stephen verifies that you meet legitimately required deadlines by alarming you well early.

What we do

What is an offshore service ?

Offshore services are the professional services clients are in demand outside their own country.

What are the types of offshore services ?

Basically, offshore services are endless, but more common can be found including offshore company registration, offshore bank accounts opening, offshore nominees services, offshore trust arrangements, offshore assets protection scheme, offshore tax arrangements, offshore consulting services, second passport or visa, as well as offshore investment consultation services.

Why clients need offshore services ?

Clients are in their need for their special endless offshore services, but can be summarised as below:

a) Tax arrangements scheme

b) Business expansion scheme

c) Assets protection purpose

d) Business purpose

e) Privacy purpose

f) Family purpose

g) Investment purpose

h) Political or unstable of the home country

What offshore services you can provide ?

We provide a lof of offshore servcies including:

a) Offshore company formations

b) Offshore bank arrangements

c) Offshore nominees services

d) Offshore special licenses

e) Offshore tax planning services

f) Assets protection consultation services

g) Second passport arrangements

h) Offshore investment consultation services

Offshore Company Registration

What is an offshore company ?
An offshore company is a company registered other than in their home country.What are the benefits of an offshore company ?
The benefits include:
a) The type of business activities
b) Privacy protection
c) Tax saving plans
d) Opening of bank accounts
e) Expansion of the business operation
f) As part of immigration scheme
g) Family planning scheme

How many types of offshore companies ?
From the basic definition of offshore company, Chinese company is also regarded an offshore company if you come from say USA and intend to expand the markets in China, and register Chinese WFOE company for that purpsoe. However, common found offshore companies include:
Anguilla
Belize
BVI
Caymand Island
Dominica
Hong Kong
Marshall Islands
Nevis
Panama
Seychelles

How to choose your Offshore Company ?

If you intend to use offshore company for your business purposes, below are the common factors you need to consider:

1) Information Share and Exchange

a)Tax Information Exchange Agreement (TIEA)- Countries have signed up the agreements that they will share the bank information and company information between countries. So for example, if you come from Anguilla, it is better not to register a company or bank in UK as they have signed up the agreement.

b) Foreign Account Tax Compliance Act (FATCA) - This Act was enacted by US Government that the list of the countries in the FATCA will share the bank information back to US Tax Authority. So if you come from US, it is better not to open bank in the list from FATCA.

c) Double Tax Agreement (DTA) - This is the agreement that countries have signed up so that if client has paid a tax in one country and is now required to pay in another country, so client can have a tax credit and deduce the amount already paid from the one country to another country. Through special arrangements, DTA can minimum the tax paid between two countries through their local tax systems.

d) Information share between European Countries - Clients from EU are better not to open a company or a bank in another member EU countries, as they will automatically exchange the information between themselve.

2) Where to open bank accounts. It is not difficult to open a company, but rather difficult to open bank accounts in different countries, as different countries have their policies to open bank accounts according to their local rules or laws, or even some under political issues.

3) Tax consideration. Different countries have different tax systems, so through special arrangements, the tax of the business can be reduced to zero tax or minimum tax.

4) Assets protection. Some countries are rather safe and stable, through special arrangemens, the assets can be transferred to the country which is legal, safe, reliable, and stable.

5) Trust arrangement. Trust arrangements are legal and so enforceable in some countries, but some countries are not. For the arrangement of trust services, clients need to consider which countries accept trust arrangement as legal instruments of business operations.

6) Legal system of the country. It is better to choose an offshore jurisdiction which is fair and reliable in legal system. In case you have a dispute, you can go legal proceedings through such fair and reliable legal systems.

7) Type of passport being held. It is certain that it is a political issue. Some passports are considered as good country, so it is easy to open a company and bank account if holding such passport; however some passports are considered a bad or so called risky country, so it is indeed unwelcome, and if so and if holding such passport, it becomes hard to open a company and bank accounts.

8) Where to expand the business markets ? It is certain the main issue, say if clients want to expand the Asia markets in China, it is certain that they will go China for further business, and will choose China as one of their offshore jurisdictions.